FS Credit Opportunities Corp. (FSCO) began trading on the New York Stock Exchange

PHILADELPHIA CREAM, November 14, 2022 /PRNewswire/ — FS Investments, a philadelphia cream– alternative asset management company with more than $35 billion of assets under management, today announced that FS Credit Opportunities Corp. (“FSCO”), a company of over $2 billion closed-end fund investing in event credit, special situations, private equity solutions and other non-traditional credit opportunities, began trading on the New York Stock Exchange (“NYSE”) under the symbol “FSCO “.

Michael FormanPresident and CEO of FS Investments, said, “We are pleased to list FSCO and provide liquidity to our shareholders while making FSCO’s differentiated credit strategy available to the public markets.

Andrew BeckmanHead of Liquid Credit and Special Situations at FS Investments and Portfolio Manager for FSCO, added: “We believe FSCO will be well received by the market due to its scale, exposure to public and private credit, attractive target dividend yield, high allocation to senior secured debt and low average duration profile.”

As part of the listing, FS Investments is lowering FSCO’s management fee from 1.5% to 1.35% and adjusting the minimum rate for calculating incentive fees to be based on the percentage of the net assets rather than adjusted capital, consistent with other publicly traded private companies. end fund. “We expect these moves to enhance the investment experience for FSCO investors and look forward to continuing to deliver strong performance and competitive returns through this differentiated strategy,” added Beckman.

About FS Investments

FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions build better portfolios. The company provides access to alternative sources of revenue and growth, and is focused on setting industry standards for investor protection, education and transparency. FS Investments is headquartered in Philadelphia, Pennsylvania with offices at New York, NY, Orlando, Florida and Leawood, KS.

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SOURCE FS Investments